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Checking Accounts

Daily money management made easier and more convenient.

Whatever type of checking account you need, we're the community bank in Massachusetts and Rhode Island that can find your perfect fit. Whether you want a simple account or one that earns interest, we have various options to choose from, all with the online and mobile accessibility your busy life demands.

All BankFive personal checking accounts come with:

  • ATM/Debit Card
  • Online and Mobile Banking with Bill Pay
  • eStatements
  • Person-to-Person Payments1
  • External Transfers (to/from BankFive to bank accounts at other institutions)1
  • Free ATM/debit card use at BankFive ATMs
  • Access your money at any SUM Network ATM without a surcharge2


Checking Accounts
Relationship Checking eAccess Checking Basic Checking Free Checking Student Checking3
Monthly Maintenance Service Charge $5.004 None None None None
In-Branch Service Fee (per visit) None $5.005 None None None
Earns Interest Yes Yes Yes No No
Minimum Balance to Earn Interest $100 $10 $10 N/A N/A
Free ATM Use Yes6 Yes2 Yes2 Yes2 Yes2
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1 Standard processing is free. Expedited processing may incur additional charges.
2 BankFive is a member of the SUM program and BankFive customers who use their cards at SUM designated ATMs will not be charged an ATM surcharge. However, BankFive will impose a $1.50 ATM service fee for Basic Checking and Free Checking customers who use a non-BankFive ATM. If using a non-SUM ATM, BankFive will reimburse other banks' surcharges up to $10 per statement cycle for eAccess and Student Checking accounts only.
3 Student Checking is only available to those ages 16-24. On 25th birthday, account automatically changes to eAccess Checking, subject to the terms and conditions, terms of service, and fees of that account.
4 $5 monthly maintenance service charge waived with minimum $10,000 relationship of deposits and loan balances.
5 As an Internet-only account, we are passing along our cost-savings of servicing the account only online to you by giving ATM surcharge rebates and interest. We will charge $5 per visit for in-branch transactions.
6 BankFive will not impose an ATM service fee at non-BankFive ATMs. Other banks may impose a surcharge for the use of their ATMs however.

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